developingblockchain Archive

Apart from its most well-known application in cryptocurrencies, this ground-breaking technology is ushering in a new collaborative approach to processing transactions of all kinds in an increasingly connected world. Blockchain technology has the potential to reduce the number of elements involved in traditional systems, whether in banking, logistics, the Internet of Things (IoT), healthcare, or

NFT drops! The new vogue word in recent times! Despite the fact that NFTs have been around since 2014, their popularity appears to have increased only since the end of 2021. Being unprecedented has boosted NFT’s popularity to new heights. Who doesn’t want to own a genuine item? These digital bragging rights appear to be

The blockchain consensus protocol in a blockchain platform has several objectives, including reaching an agreement, collaboration, cooperation, equal rights for all nodes, and mandatory participation of all nodes in the consensus process. As a result, a consensus algorithm seeks to find a common agreement that benefits the entire network. Now we’ll look at the objectives

We have talked about digital cash in the early days and here we are slowly the digital assets like bitcoins, ether and other cryptocurrencies are slowly becoming mainstream digital cash! Similarly, smart contracts are the digital versions of traditional contracts! They are the backbone of Ethereum and other reputed blockchains. Origin of Smart Contracts The